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Flexible Budget

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You are evaluating the performance of the laboratory department manager. The output of this department is the number of tests performed. A static budget was prepared at the beginning of the year. You are now examining that budget in relation to actual experience. The relevant data are included in the attachment. The department manager is pleased because the department has a favorable $50,000 cost variance.

Evaluate the effectiveness of the manager using the flexible budgetary variance model. Did the manager do a good job this year?

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This solution looks at a flexible budgetary variance model.

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A flexible budget is a budget that adjusts for changes in cost driver activities. In this case the flexible budget is expressed as a fixed cost plus a ...

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